Layoffs Confirmed by ConsenSys
The Wednesday blog post by CEO Joe Lubin of the Ethereum development company ConsenSys states that 97 jobs would be cut. This mostly backs up a report that CoinDesk ran the week prior.
Crypto Bankruptcy Proceedings Highlight Regulatory Shortcomings
According to a legal expert, Celsius, BlockFi, and Voyager were among the largest cryptocurrency players to declare for bankruptcy in 2022.
Due to the Genesis Crisis, DCG halts its quarterly dividends.
A second round of layoffs hit DCG's subsidiary after it was damaged by FTX's demise. Barry Silbert's cryptocurrency company, Digital Currency Group (DCG), declared that it would suspend issuing dividends until further notification.
The Next Bankruptcy Domino May Be Genesis
The crypto lender reportedly threatened investors with bankruptcy if it couldn't secure adequate funding.
Binance named among Bitzlato top 3 receiving counterparty
According to the US Treasury Financial Crimes Enforcement Network, Binance is one of Bitzlato's top three receiving counterparties.
OKX releases a proof-of-reserves report that reveals $7.5 billion in "clean assets."
OKX has $7.5 billion in reserves, none of which include its own cryptocurrency, according to a proof of reserves document made public by the exchange on Thursday. The actual holdings breakdown is shown for the first time in OKX's third proof of reserves.
Blur, SudoSwap, and Other Marketplaces in Sewer Pass Mint are Blacklisted by Yuga Labs
Yuga Labs blacklisted at least 4 marketplaces that don't charge NFT charges in its most latest NFT drop, Sewer Pass.
Many cryptocurrency players, according to Binance CEO, "get distracted" by Money.
Changpeng "CZ" Zhao, founder and CEO of Binance, gave this advice over tea at the World Economic Forum in Davos: "Don't be distracted by the cash in the space; focus on the foundations of cryptocurrency tech and becoming a credible player in finance."
Binance Burning $620 Million in BNB, Will There Be A Huge Rally?
Binance's 22nd burn cycle has ended, removing 2.064 million BNB tokens from circulation. $620 million was spent based on the price at the moment of the significant token burn. Through these pre-planned burning efforts, Binance's Auto Burn System aims to keep the number of BNB in circulation at 100 million.
Polygon Finishes Hard Fork to Cut Gas Price Increases
The Polygon Ethereum scaling proposal's hard fork, which sought to reduce the incidence of growing gas prices and disruptive chain reorganizations known as "reorgs," was eventually successful.
Latest News
No data